Purchasing a car is a large investment, the one that few people take lightly. One of many major decisions consumers must make, along with make, model, style, and color, is whether to purchase new or used. Roughly 1.4 million new cars can be bought in the United States every month. That equates to over 16 million a year. Here are three reasons why you need to join the 16 million other new vehicle owners.
Length of Ownership
The typical length of ownership for a used auto in the United States is a tad over four years. New cars generally last nearly six years or fifty percent longer. The longer you have something, the higher the value you obtain from your initial purchase. Furthermore, as you’ll read below, most warranties will cover repairs for some, if not all, of those six years. While buying new will definitely cost more initially, you might find yourself saving money because of the increased length of ownership.
Once you choose your automobile from the choice of new cars, you aren’t just purchasing a mode of transportation, you’re purchasing the assurance that no one else has driven it average car length. While you can find services which exist that can tell a consumer if your used auto has been around an incident, they can’t let you know everything. They can’t let you know the previous owner was a lead-footed teenager who liked to red line the engine at every green light. Or if who owns that sports coupe was constantly late with oil changes, stressing the engine. Buying an undriven auto means you may not have to deal with any of these potential issues. They say you can’t buy reassurance, but buying truck, sedan, or SUV with zero miles on the odometer sure helps.
The image of working all on your own automobile, with a package of beer or cola next for you, is a quintessential piece of Americana. However, the truth is that doing your own personal repairs is time-consuming, costly, and hard to do. Many people aren’t qualified to fix a toaster, let alone an automobile. That’s why new cars include warranties. The forty-two largest manufacturers have average warranties that run for only over three and a half years. Many run for longer. This means that once the weekend rolls around you won’t be stuck in the garage trying to decipher a how-to manual so you can fix a mind gasket. If there is a problem, you’ll drop the car at the dealer, have a loaner, and not pick it until it is fixed again.Read More